G Squared logo

G Squared

North America, Illinois, United States, Chicago

Description

G Squared is a prominent growth-stage venture capital firm based in Chicago, United States. Founded in 2011, it specializes in providing private capital to dynamic, high-growth companies across various sectors, including technology, fintech, and consumer internet. Their investment philosophy centers on identifying market leaders and disruptive innovators, aiming to form long-term partnerships that support companies through their significant scaling phases.

The firm is known for its substantial capital deployment, typically participating in later-stage funding rounds such as Series C, D, and beyond. G Squared's investment checks generally range from $50 million to $150 million, though they possess the flexibility to adjust based on specific deal requirements. This strategic focus allows them to take meaningful positions in companies that have already demonstrated significant traction and market fit, helping them accelerate global expansion, product development, and market penetration.

G Squared has consistently raised increasingly larger funds, reflecting its growing influence and investment capacity. For instance, their most recent fund, G Squared V, closed at an impressive $1.2 billion in 2021, following a $1.0 billion G Squared IV fund in 2019. Their diverse portfolio includes some of the world's most recognizable and impactful private companies, such as SpaceX, Klarna, Toast, Lyft, and Instacart, underscoring their ability to identify and back future industry giants. The firm's approach emphasizes deep due diligence and a hands-on partnership model, leveraging their expertise to support portfolio companies through critical growth milestones.

Investor Profile

G Squared has backed more than 88 startups, with 3 new investments in the last 12 months alone. The firm has led 11 rounds, about 13% of its total and boasts 32 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series C, Series B, Series F rounds (top funding stages).
  • Majority of deals are located in United States, Germany, Australia.
  • Strong thematic focus on Software, FinTech, Financial Services.
  • Typical check size: $50M – $150M.

Stage Focus

  • Series C (24%)
  • Series B (15%)
  • Series F (14%)
  • Series D (14%)
  • Series E (13%)
  • Secondary Market (9%)
  • Series G (5%)
  • Series A (2%)
  • Series Unknown (2%)
  • Convertible Note (1%)

Country Focus

  • United States (70%)
  • Germany (15%)
  • Australia (5%)
  • Estonia (3%)
  • Brazil (2%)
  • China (1%)
  • Sweden (1%)
  • South Korea (1%)
  • Canada (1%)

Industry Focus

  • Software
  • Fintech
  • Financial Services
  • Insurtech
  • Artificial Intelligence (Ai)
  • Saas
  • Delivery
  • Insurance
  • Transportation
  • Internet
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does G Squared frequently co-invest with?

CE Innovation Capital
Asia, Central Region, Singapore, Singapore
Co-Investments: 5
Sequoia Capital
North America, California, United States, Menlo Park
Co-Investments: 7
Kleiner Perkins
North America, California, United States, Menlo Park
Co-Investments: 11
SoftBank Vision Fund
Europe, England, United Kingdom, London
Co-Investments: 7
New Enterprise Associates
North America, California, United States, Menlo Park
Co-Investments: 8
Dragoneer Investment Group
North America, California, United States, San Francisco
Co-Investments: 6
Salesforce Ventures
North America, California, United States, San Francisco
Co-Investments: 6
Tiger Global Management
North America, New York, United States, New York
Co-Investments: 10
Founders Fund
North America, California, United States, San Francisco
Co-Investments: 6
Fidelity
North America, Massachusetts, United States, Boston
Co-Investments: 7

Which angels does G Squared often collaborate with?

SR
North America, California, United States, Los Angeles
Shared Deals: 1
Daniel Schryer
Asia, Bali, Indonesia
Shared Deals: 2
AK
North America, Pennsylvania, United States, Philadelphia
Shared Deals: 1
BG
North America, Washington, United States, Seattle
Shared Deals: 1
AO
North America, California, United States, San Francisco
Shared Deals: 1
CL
North America, Tennessee, United States, Nashville
Shared Deals: 1
Julien Machot
Asia, Dubai, United Arab Emirates, Dubai
Shared Deals: 1
JS
North America, New York, United States, New York
Shared Deals: 1
AZ
North America, California, United States, Los Angeles
Shared Deals: 1
JB
North America, Colorado, United States, Denver
Shared Deals: 1

What are some of recent deals done by G Squared?

Armis

San Francisco, California, United States

Armis is a cyber exposure management and security company that protects the entire attack surface and detects threats in real time.

ComplianceCyber SecurityInformation TechnologyInternet of ThingsNetwork SecurityRisk Management
Secondary MarketJul 23, 2025
Amount Raised: $100,000,000
Stord

Atlanta, Georgia, United States

Stord is a commerce enablement platform that operates a distributed fulfillment network for various brands across multiple channels.

E-CommerceFreight ServiceLogisticsSaaSSupply Chain Management
Series EMay 15, 2025
Amount Raised: $80,000,000
Nourish

New York, New York, United States

​Nourish is a telehealth platform that connects individuals with registered dietitian nutritionists for personalized nutrition counseling.

AppsHealth CareNutritionTelehealth
Series BApr 23, 2025
Amount Raised: $70,000,000
Lambda

San Jose, California, United States

Lambda provides infrastructure, cloud services, and software for the training and inferencing of AI models.

Artificial Intelligence (AI)Cloud ComputingGPUMachine Learning
Series DFeb 20, 2025
Amount Raised: $480,000,000
Anthropic

San Francisco, California, United States

Anthropic is an AI safety and research company that focuses on increasing the safety of large-scale AI systems.

Artificial Intelligence (AI)Generative AIInformation TechnologyMachine Learning
Secondary MarketMay 31, 2024
Amount Raised: $452,268,300
Cover Genius

Sydney, New South Wales, Australia

Cover Genius provides an insurance distribution platform designed to protect the customers of e-commerce companies.

Financial ServicesFinTechInsuranceInsurTech
Series EMay 15, 2024
Amount Raised: $80,000,000
Anvilogic

Palo Alto, California, United States

Anvilogic's Multi-Data Platform SIEM is used by Enterprise SOC teams to force multiply their ability to detect, investigate, and hunt.

Artificial Intelligence (AI)Cyber SecurityInformation TechnologyNetwork Security
Series CApr 17, 2024
Amount Raised: $45,000,000
Transfix

New York, New York, United States

Transfix drives modern supply chain impact at scale with its Intelligent Freight Platform™.

B2BFreight ServiceLogisticsSaaSSupply Chain ManagementTransportation
Series FOct 19, 2023
Amount Raised: $40,000,000
Daki

São Paulo, Sao Paulo, Brazil

Daki is a mobile application that delivers purchases in seconds.

DeliveryFood and BeverageMobile Apps
Series DSep 25, 2023
Amount Raised: $50,000,000
JOKR

Berlin, Berlin, Germany

JOKR is a grocery and delivery platform that provides hyper-local product delivery services.

DeliveryDelivery ServiceGroceryLocal ShoppingRetail
Series DSep 20, 2023
Amount Raised: $50,000,000